2007-10-01 10:28:21 · 16 answers · asked by Anonymous in Politics & Government ➔ Politics
According to Liberals, It is Bush's Fault when DJ goes down but it is nothing to do with Bush when it goes up.
2007-10-01 10:33:49 · answer #1 · answered by Quickie D 3 · 3⤊ 2⤋
Sure, what the heck I'll give some credit for today's Dow to Bush (though I think Ben Bernanke had more to do with it). I'll also give Bush credit for two stolen elections, ignoring the warnings before 9/11, saddling the U.S. with generations worth of crushing debt, turning the filthy rich into the obscenely rich and the poor into the dirt poor and the approaching ice age. No end of credits for G.W.
2007-10-01 11:51:36 · answer #2 · answered by socrates 6 · 0⤊ 1⤋
A: Why, John? Former central bank chairman Greenspan has warned that the good times are over for the world economy. The most credible worst-case scenario, he says, is a recession in the US, driven by further falls in US house prices as people feel less wealthy and spend less money. Even in the best case, he predicts a substantial slowdown in the US, with repercussions across the globe.
In the long-term, he predicts that higher interest rates, greater pressures on public spending, and a revival of inflation through commodity prices could lead to a less affluent future for us all.
Mr Greenspan now says that globalisation was more of a double-edged sword than he once believed, leading to growing inequality of income and wealth and growing protectionist pressures, as well as more efficient allocation of resources.
2007-10-01 11:36:29 · answer #3 · answered by John Doe 1st 4 · 1⤊ 1⤋
The best thing a President can do to raise the DOW is to get the hell out of the way and stay out of the way.
Inasmuch as he basically did that, he can have credit for it.
Otherwise, there is not much chance that we are ever going to have a president smart enough and connected enough to have a palpable, specific affect on the DOW.
2007-10-01 10:34:32 · answer #4 · answered by Anonymous · 1⤊ 1⤋
No. Although I am sure the cons will differ. Funny how when the economy is bad they say the president has nothing to do with the economy but when it's good they want to give the president all the credit. Come on people make up your minds.
2007-10-01 10:33:50 · answer #5 · answered by Anonymous · 2⤊ 1⤋
John,
Of course not. In fact, tune in to any network news show tonight. They will tell the story BUT when it comes to giving credit the talk will go something like this:
The Dow set a big-time record today BUT the economy is in the trash can. For this story let's go to Bob Schneider in Dublin, Ohio. Bob - isn't it true that Tom Gato and his family in Dublin lost their home today because of President Bush's rotten-stinking economy? And also, their daughter flunked out of school because Bush failed to tell them that she needed to quit using crack and start studying? Blah, blah, blah. If some guy you know gets an STD call the White house - Bush is in charge and it is his responsibility!
Now to our story about Bill Clinton and his stupendous gifts to Africa. What a guy!
2007-10-01 10:37:28 · answer #6 · answered by Pete W 5 · 1⤊ 2⤋
As supportive as I am of him, no. Even with all the government encroachment in today's world, the economy is still by and large run by the people who make it up; it's their choice, not the government's and certainly not the President's, whether the economy is good or bad.
2007-10-01 10:35:19 · answer #7 · answered by Richard S 5 · 2⤊ 0⤋
Nope. Presidents have no more control over the Stock Market than they do the weather (maybe less if Global Warming is to believed).
2007-10-01 10:34:26 · answer #8 · answered by B.Kevorkian 7 · 1⤊ 2⤋
Sure, deficit spending helps push corporate profits higher. We will all be paying the interest on this bubble for the rest of our lives, and cutting other spending out of the budget to do it.
2007-10-01 10:32:41 · answer #9 · answered by Anonymous · 1⤊ 2⤋
No, nor should he be bashed when it goes down
2007-10-01 10:46:28 · answer #10 · answered by WHITE FEATHER HATES LIBS 1 · 2⤊ 0⤋